Trivesh D, COO of Tradejini said the Federal Reserve is poised to maintain its resolute hawkish stance, showing no intention of reducing its interest rates, which are currently at a 22-year high, as part of its strategy to combat inflation.

"The Fed is expected to maintain its current short-term interest rate, providing perhaps the most explicit signal to date that it is approaching the conclusion of its rate-hiking campaign. This approach aims to control inflation while monitoring the broader economic landscape," said Trivesh.